I was active on LBRY ~2 years ago and thought they had a really bright future. This answer is bad news, but at least they are no longer stuck waiting.
"....and other projects will be forced to close forever."
Many projects will simply avoid the USA.
See how projects are attracting investments lately. Projects do not sell tokens, but attract investments to their fund. It does not violate US laws.
There is a lot of crap and politics in the crypto industry. Sam Bankman-Freed wasn't punished for fraud. I heard serious people discussing this situation, and the reason for these events was that Sem was allowed to hold several billion, and he began to say the wrong words and get into politics. But maybe it's a rumor.
Maybe you can find out the possible real reason for the SEC's aggression against the LBRY. Many projects that sold their tokens no longer exist, but there are still a lot of similar projects that can be closed or fined.